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Romanians borrowed more than 1.2 billion lei in mortgage loans from banks in August, the third highest level in the first eight months of 2020 and 3.6% more than in August 2019.
Renault Group will be revealing new images of its future electric vehicles Thursday evening, October 15, including the Dacia Spring, the first fully electric car to be sold under the Romanian brand.
Romcarbon (ROCE.RO), one of the major plastic packaging producers in Romania, said Wednesday it has agreed to sell a plot of land in Iasi to Office & Logistic for EUR250,000 net of VAT.
Israeli real estate developer AFI Europe will be officially opening the AFI Brasov mixed-use project on October 21, 2020, per a press invitation.
Romania's current account balance posted a deficit of EUR5.789 billion in January-August, compared with a deficit of EUR7.099 billion in the same period in 2019, central bank data showed Wednesday.
The Romanian unit of Dutch retailer Used Products, specialized in the sale of new and pre-used products, reported a turnover of over half million euros in January-September 2020, double compared with EUR250,000 reported in the same period in 2019.
Ride-hailing service Yango, owned by Russia's Yandex, will halt operations on the Romanian market after less than a year and a half since entering the market.
Romania’s industrial production decreased by 13.7% as gross series on the year in January-August 2020, and by 14.2% as series adjusted by number of working days and seasonality, the country’s statistics board INS said Wednesday.
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, ended the first half with growth of 8% in revenue on the year-ago period. Schaeffler Romania expects 10% decline in the second half, due to the decrease in orders from its customers.
NY’ER Romania based in Cluj-Napoca, the operator of the local New Yorker stores, posted more than 345.5 million lei (some EUR73 million) revenue in 2019, an increase of 13.5% on 2018, ZF has calculated from Finance Ministry data.
There is room for growth and even doubling of Romania’s food industry, says Jean Richard de Latour, the French executive who runs the local operations of retailer Carrefour.
Bittnet Systems, a local integrator of IT&C solutions, said Tuesday it has successfully negotiated the acquisition of 25% in Softbinator Technologies for an estimated $2 million.
Car sales on the Romanian market dropped 32.3% on the year in the fist nine months of 2020, under the impact of the Covid-19 pandemic, data from the Automotive Manufacturers and Importers Association (APIA) showed Tuesday.
The International Monetary Fund estimates Romania's economy will contract by 4.8% this year, a slightly milder contraction compared with the 5% estimated in April, according to the latest World Economic Outlook released Tuesday.
Impact Developer & Contractor (IMP.RO), a real estate developer held by businessman Gheorghe Iaciu, concluded a contract of EUR9.5 million with construction firm Premium Invest Concept for the construction and delivery of a “turnkey” apartment complex in Constanta (south-eastern Romania).
Groupe Renault has decided that third generation Dacia Sandero will be produced exclusively in Morocco, while the Dacia plant in Mioveni will be producing models with higher added value and Dacia Logan, which is the best selling car in Romania.
Romania’s office space market, affected by the COVID-19 restrictions, was revived in the third quarter of 2020 by contract renegotiations and extensions, with the total volume of transactions amounting to 56,730 square meters leased, down 12% from the same period in 2019, per an analysis by ESOP Consulting.
Romanian regional investment fund SIF Transilvania (SIF3.RO) has contracted a loan of RON40 million from lender Banca Transilvania, which will be used exclusively for the payment of dividends to shareholders.
Casa Rusu, one of the largest furniture manufacturers and retailers in Romania, has relocated its headquarters in Timisoara (western Romania) after leasing 500 square meters within the Vox Technology Park office building.
Sales of fast-moving consumer goods varied a lot from week to week in Romania in the first nine months of the year, depending on the latest developments on the market, the steps taken by the government and the number of Covid-19 cases. Most weeks, however, recorded growth of at least 8%, a Retail Zoom survey shows.18948 items